I voted yes.
Having read around the subject as best I can, trying to strip fact from rumour, I think that there is a very high risk of liquidation.
We are not a formerly big club fallen on bad times, with traditionally big crowds and the prospect of regaining past glory. Economically, now is not the time to expect a white knight. If HMRC wants to play hard ball then we will be the example.
Under normal circumstances I would not be in favour, but Ridsdale seems to be the only option, if he has the backers. I don't think we will find them anywhere else.
If Ridsdale is the only option, should we still take him? Some people are saying that he would leave us heavily in debt and facing the prospect of being wound up. Hmm, and how is that different from now?
The best argument seems to be a moral one. Going into debt and then reneging on those debts is a bad thing to do. Indeed it is. Then again, we operate under free-market capitalism. If you are prepared to deal with someone with a bad credit rating then you either charge them more, ensure CoD or you walk away.
Like I said, it depends if you believe there are other realistic options, but I can't see big investors queuing up. I think I would back most people ahead of Ridsdale, given his track record, but not nobody at all.
